10-144 C.M.R. ch. 301, § 300-FS 333-4 - Transfer of Assets

GENERAL RULE - Disqualify for up to one year households that have knowingly transferred assets for the purpose of qualifying for FS benefits.

Disqualification Applies If the Assets were Transferred in the three-month period prior to application.

OR

any time during the certification period.

Disqualification Does Not Apply If

assets transferred would not have otherwise affected eligibility.

assets were sold or traded at or near current market value.

transfers were made between members of the same household.

OR

transfers were made for a reason other than attempting to qualify for FS, such as placing funds in an irrevocable trust fund for a child's education.

The length of the disqualification period is based on the amount the assets would have exceeded the limit if the transfer had not occurred.

DISQUALIFICATION PERIODS

Use the following chart to determine the disqualification period.

Amount in Excess of Asset Limit	Disqualification Period (Months)
$ 0 to $ 249.99	1
$ 250 to $ 999.99	3
$1,000 to $2,999.99	6
$3,000 to $4,999.99	9
$5,000 or more	12

Notes

10-144 C.M.R. ch. 301, § 300-FS 333-4